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What is a cryptocurrency wallet?

A cryptocurrency wallet is a medium that keeps the private and public keys needed for storing, transferring, and spending cryptocurrency. Most wallets are software, accessible online or through mobile and/or desktop applications, however there are some hardware wallets which provide users with a physical device.

Crypto wallets may be exclusive for one coin or have multi-coin functionality. In order to purchase or to mine any cryptocurrency, users will need a wallet which will allow them to store said cryptocurrency first.

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